Might even go lower if futures go down and the shorters get really active and the market circumstances are in their favour.
Still have some powder in the keg, I am thinking we will be able to get them significantly cheaper than to 20 cent dividend.
A lot of the price action seems to revolve around futures and something I have noticed when the shorters get control on any given day, they always achieve the lowest price at 4pm or even at the auction as was the case yesterday. I bought some more for $6.63 after 4pm and got the lowest price of the day. Given the way the SP action is I only bought half of what I intended to buy because of the fear it would go down further today.
I think I will leave the remaining 50% until after XD just in case they savage the SP tomorrow.
The volatility can be good for swing trading but you have to watch it like a hawk all day.
Makes the beer very enjoyable at 4.15 pm though
fmg and fe, page-4
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Last
$21.71 |
Change
-0.190(0.87%) |
Mkt cap ! $66.84B | |||
| Open | High | Low | Value | Volume |
| $21.77 | $21.80 | $21.34 | $408.6M | 18.51M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 289875 | $21.68 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.72 | 95078 | 4 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| FMG (ASX) Chart |